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Instacart and Chase launch a new credit card with Mastercard

Instacart rolls out a new credit card in a bid to meet the evolving demands of customers

Built as a digital grocery store offering a wide variety of products to millions of Americans just by a simple click, US-based Instacart, in partnership with Chase(U.S commercial bank), has announced the launch of Instacart Mastercard. Like several other digitally oriented companies, Instacart is choosing to be more creative and innovative in meeting the needs of its customers. This new credit card will allow users to pay for products purchased and enjoy 5% Cashback and several exciting bonuses.

Source: Businesswire

Chase and Instacart will offer customers the security and convenience of making payments for products online and strategically ensure that customers stay shopping by rolling out bonuses. More than 260 million Americans shop online. Instacart seeks to achieve market dominance by expanding beyond shopping on its platform, as its credit card users can also make payments for other services, enjoy cashback and earn rewards.

Instacart will hope this reward and bonus offer will be sufficient to get Americans shopping online much more. America's Online grocery market fell by 12.3% this year, from $8.1 billion in April to $7.1 billion. Instacart hopes to drive more Americans into the digital shopping ecosystem and tackle this decline.

The United States of America in focus:

Population: 329.5 million in 2020 as compared to 328.3 million in 2019

GDP: $20.94 trillion compared to $21.43 trillion in 2019

GDP per capita: $63,543 in 2020 compared to $65,279 in 2019